Lot/land
  • $3,700,000

    10028 San Fernando Rd #34, Pacoima, CA 91331

    --beds
    --baths
    9,003.85Square Feet
    Unimproved Land
    Built in ----
    9,003.85 Square Feet Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Detached adusAttached adus
    Huge 500k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 10% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 12.7% Cap Rate, 6.2 GRM, and only 159k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units in the front for a total of 20 new units. The 14 existing units have undergone many capital improvements including updated roof, electrical, plumbing, windows, interiors, exteriors, etc.
    30 days
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